Yeni Şafak: the situation in the Red Sea has caused costs to rise for Europe
International transport companies are changing the routes of energy supplies from the Middle East because of the war in Gaza and the situation in the Red Sea, which caused a sharp rise in costs for Europe, according to an article in the Turkish newspaper Yeni Şafak.
According to the newspaper, “the geopolitical conflagration created by the Tel Aviv administration” has become a new source of risk for global trade, which has not yet managed to recover from the shock of the pandemic.
The situation in the Red Sea due to attacks on ships by the ruling Ansar Allah (Houthis) movement in northern Yemen forced shipping companies such as Maersk, Hapag-Lloyd and several others to suspend voyages through the Red Sea and send ships across the Atlantic Ocean; energy companies, such as the British BP, subsequently took similar measures.
As a result of the change in the main routes for container shipping, transporting goods between the Red Sea and the Mediterranean, which accounts for 10 per cent of world trade, involves both loss of time, up to 40 days, and high costs, Yeni Şafak points out.
“It is said that in the event of further disruptions in world trade, Western countries may move to change their policies towards Israel and the US. In this regard, diplomatic pressure on Tel Aviv and Washington may increase to reduce tensions in the Red Sea,” the piece claimed.
The Houthis, who control much of Yemen’s Red Sea coastline, have previously warned of their intention to attack any Israeli-affiliated ships, calling on other countries to withdraw their crews from them and stay away from them at sea. A number of shipping companies have decided to suspend shipping through the Red Sea. To protect shipping in the area, the U.S. formed an international naval coalition and launched Operation Guardian of Prosperity.
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